Summit Investment Advisory Services LLC Buys Shares of 14,741 SPDR Portfolio S&P 500 ETF $SPLG

Summit Investment Advisory Services LLC bought a new stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,741 shares of the company’s stock, valued at approximately $1,071,000. SPDR Portfolio S&P 500 ETF comprises 0.5% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 88.5% during the second quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock valued at $4,317,929,000 after purchasing an additional 27,889,948 shares in the last quarter. Kedalion Capital Management LLP bought a new position in SPDR Portfolio S&P 500 ETF during the second quarter worth $509,875,000. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $320,541,000. Miracle Mile Advisors LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 46,364.0% in the third quarter. Miracle Mile Advisors LLC now owns 2,796,205 shares of the company’s stock worth $219,055,000 after purchasing an additional 2,790,187 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at $157,512,000.

SPDR Portfolio S&P 500 ETF Trading Up 0.5%

Shares of NYSEARCA SPLG opened at $81.51 on Wednesday. SPDR Portfolio S&P 500 ETF has a 1-year low of $56.67 and a 1-year high of $81.14. The firm has a market capitalization of $97.00 billion, a P/E ratio of 25.61 and a beta of 1.00. The firm’s 50-day moving average price is $80.40 and its 200-day moving average price is $78.24.

SPDR Portfolio S&P 500 ETF Company Profile

SPDR Russell 1000 ETF (the Fund), formerly SPDR Dow Jones Large Cap ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded the United States equity securities. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.